Premium Cost of Short Term Disability - Normal Pregnancy
Your short term disability benefit for normal delivery may greatly exceed the premium cost. Plus, additional benefits may be paid for pregnancy complications, postpartum disorders, accidents, and illnesses at no added cost.
Hospital indemnity insurance is another policy that covers normal pregnancy and pays maternity benefits directly to you. In addition, an extra benefit may be paid if your infant is born prematurely, or spends time in Neonatal Intensive Care (NICU) for medical complications. Accidents and illnesses are covered at no added cost.
See in detail how short term disability and hospital indemnity insurance:
- Create maternity leave pay for normal delivery
- Provide security for the unexpected
- At no additional cost
Insurers stand to lose a bundle. The cost/benefit of these policies explains why its so hard to find coverage for normal delivery, and why we ask you to take a few extra steps to get this important coverage. Protecting your family finances is worth your time, effort, and energy.
Buy Your Policy Before Getting Pregnant Buy short term disability before getting pregnant, with a three month buffer in case of premature birth. Policies will not pay maternity benefits for normal pregnancy that occurs inside a nine or ten month exclusion period from the start date of your program. Getting your policy started may take longer than expected.
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Premium Cost Versus Maternity Benefit Example
Let's suppose you had some information about a stock. Based upon that information you thought that the stock might triple in value in one year, and possibly could be worth ten times what you paid. Would you buy that stock? Would you make an extra effort to do so? If you are planning a pregnancy, you have a similar scenario. Consider these two policy configurations that pay benefits for normal pregnancy:
- Short term disability
- 7 day elimination period
- 12 month benefit period
- $3,000 monthly benefit
- Hospital indemnity
- $3,000 benefit upon admission
Short term disability makes a different maternity payments based upon type of delivery.
Chart of Cost/Benefit
| Short Term Disability | Hospital Indemnity | Total | |
| Benefit for Normal Vaginal Birth | $3,448 | $3,000 | $6,448 |
| Benefit for Normal C-Section Delivery | $4,884 | $3,000 | $7,884 |
| Monthly Premium Cost | $165 | $35 | $200 |
Suppose you deliver a perfectly healthy baby by c-section after making ten premium payments. Your benefit is almost four times what you pay in premium for something you are planning to do - deliver a perfectly healthy baby. Now consider that both polices may also pay far more in benefit in case of:
- Pregnancy complications
- Premature birth
- Postpartum disorders
- Accidents
- Illnesses
Your total benefit may easily exceed ten times what you pay in premium - for scenarios that are quite common during pregnancy. Is this worth a little extra effort?
